Cenvat credit is available on which amount

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If excise duty paid by manufacturer or producer of final products less due to price variation clause with comparison to excise duty payable i.e. amount is chargeable in “Original for buyer” in seller invoice. My q is that Cenvat credit available to manufacturer or producer of final products on which amount as per CENVAT CREDIT RULES, 2004 For e.g. manufacturer or producer of final products paid Rs. 99.00 (due to price variation clause) excise duty payable Rs. 100.00 i.e. amount is chargeable in “Original for buyer” in seller invoice.

Replies (4)

CENVAT CREDIT IS AVAILABLE FOR THE AMOUNT OF EXCISE DUTY PAID OR PAYABLE

Dear Yogesh Ji,

As per the ruling of Supreme court in MRF tyre all subsequent fluctuation are irrelevant.so the excise duty liab will br Rs-100/- Only.

Is there any book that clear all CENVAT CREDIT RULE processing

 

Pl mail  Book Name & it writer On   yksunarya @ yahoo.com

 

Thanks

 

Yogesh Kumar

DEAR  aklesh JI

COULD U TELL ME SUPREME COURT CASE AIR (MRF TYRE)? 


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